Rigetti Computing (NASDAQ: RGTI), a developer of quantum computing systems, went public by merging with a special purpose ...
Rigetti's stock crumbled as it missed its own pre-merger estimates, racked up steep losses, and reeled from the unexpected resignation of its founder Chad Rigetti as its president, CEO ...
Rigetti's stock has soared more than 3,400% from its all-time low. It plans to scale up its business over the next few years. But its stock looks grossly overvalued relative to its growth potential.
But like IonQ, Rigetti lost one of its visionary leaders after its public debut. Its founder Chad Rigetti unexpectedly stepped down as its president, CEO, and director in December 2022.